Investing in crypto is like a gambling addiction. I know some people who were paper millionaires based on their BTC during the days before Mt Gox collapse.
They lost their entire savings once Mt Gox collapsed, since then they have spent years working hard to recover their savings and now they are investing all of it in ICOs.
This won't end well. Seems to me like the story is repeating.
On a side note, the brigading/shilling here on HN is becoming quite annoying. I suppose it's a lot of computer nerds who are heavily invested in these tokens who are trying to get more new people invest their real money into these tokens so:
1) they can get rich quick
2) or recover their losses (lots of people heavily invested in crypto are underwater)
They lost their entire savings once Mt Gox collapsed, since then they have spent years working hard to recover their savings and now they are investing all of it in ICOs.
This won't end well. Seems to me like the story is repeating.
On a side note, the brigading/shilling here on HN is becoming quite annoying. I suppose it's a lot of computer nerds who are heavily invested in these tokens who are trying to get more new people invest their real money into these tokens so:
1) they can get rich quick
2) or recover their losses (lots of people heavily invested in crypto are underwater)